S&P Global Inc.
For the period ended Dec 31, 2025. Filed Feb 11, 2026.
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FY2025 · Filed Feb 11, 2026
SPGI$473.38+0.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
| (in millions, except per share data) | Year Ended December 31, | ||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $15,336 | $14,208 | $12,497 |
| Expenses: | |||
| Operating-related expenses | 4,563 | 4,361 | 4,141 |
| Selling and general expenses | 3,417 | 3,196 | 3,159 |
| Depreciation | 110 | 96 | 101 |
| Amortization of intangibles | 1,069 | 1,077 | 1,042 |
| Total expenses | 9,159 | 8,730 | 8,443 |
| (Gain) loss on dispositions, net | (273) | (59) | 70 |
| Equity in income on unconsolidated subsidiaries | (28) | (43) | (36) |
| Operating profit | 6,478 | 5,580 | 4,020 |
| Other (income) expense, net | (36) | (25) | 15 |
| Interest expense, net | 287 | 297 | 334 |
| Income before taxes on income | 6,227 | 5,308 | 3,671 |
| Provision for taxes on income | 1,407 | 1,141 | 778 |
| Net income | 4,820 | 4,167 | 2,893 |
| Less: net income attributable to noncontrolling interests | (349) | (315) | (267) |
| Net income attributable to S&P Global Inc. | $4,471 | $3,852 | $2,626 |
| Earnings per share attributable to S&P Global Inc. common shareholders: | |||
| Net income: | |||
| Basic | $14.67 | $12.36 | $8.25 |
| Diluted | $14.66 | $12.35 | $8.23 |
| Weighted-average number of common shares outstanding: | |||
| Basic | 304.8 | 311.6 | 318.4 |
| Diluted | 305.1 | 311.9 | 318.9 |
| Actual shares outstanding at year end | 298.8 | 307.8 | 314.1 |
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